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# You are saving for retirement. To live comfortably, you decide that you will need $2.5 million by the time you are 65. Today is your 30th birthday, and you decide, starting today, and on every birthday up to and including your 65th birthday, that you will deposit the same amount into your savings account. Assuming the interest rate is 5%, the amount that you must set aside each year on your birthday is closest to: A)$71,430. B) $27,680. C)$26,100. D) $26,260. Answers: 3 ### Another question on Business Business, 21.06.2019 21:30 Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested$61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid$1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the$2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for$5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected$5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew$1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)
Within the relevant range, if there is a change in the level of the cost driver, then a. total fixed costs will remain the same and total variable costs will change b. total fixed costs will change and total variable costs will remain the same c. total fixed costs and total variable costs will change d. total fixed costs and total variable costs will remain the same
Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials
Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $17,000$ 12,000 finished goods $46,000$ 50,000 additional information: direct materials $57,000 direct labor cost$ 87,000 manufacturing overhead cost incurred $63,000 manufacturing overhead cost applied to work in process$ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is:
You are saving for retirement. To live comfortably, you decide that you will need \$2.5 million by th...
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